Bradford Company reported stockholders' equity on December 31 of the prior year as follows $4,000,000 Common...
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Bradford Company reported stockholders' equity on December 31 of the prior year as follows $4,000,000 Common stock, $10 par value, 1,000,000 shares authorized, 400,000 shares issue 1,500,000 3.500.000 Paid-in capital in excess of par, common stock Retained earnings Required: Prepare the journal entries for the following selected transactions that occured during the current year A) February 15: The board of directors declared a 5% stock dividend to stockholders of record on March 1. The stock was selling for $12 per share 8) March 9: Distributed the stock dividend C) May 1: A cash dividend of $0.50 per share was declared by the board of directors to stockholders of record on May 20, payable June 1 D) June 1: Paid the cash dividend E) August 20: Declared and distributed a 4-for-1 stock spillt Bradford Company reported stockholders' equity on December 31 of the prior year as follows $4,000,000 Common stock, $10 par value, 1,000,000 shares authorized, 400,000 shares issue 1,500,000 3.500.000 Paid-in capital in excess of par, common stock Retained earnings Required: Prepare the journal entries for the following selected transactions that occured during the current year A) February 15: The board of directors declared a 5% stock dividend to stockholders of record on March 1. The stock was selling for $12 per share 8) March 9: Distributed the stock dividend C) May 1: A cash dividend of $0.50 per share was declared by the board of directors to stockholders of record on May 20, payable June 1 D) June 1: Paid the cash dividend E) August 20: Declared and distributed a 4-for-1 stock spillt
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